SamTrader1
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By, BinaryOptionStrategy.com
Equities
Asian markets ended mixed, following Monday’s steep declines. The Nikkei inched up .2%, and the Kospi rose .3%. Australia’s ASX 200 eased .3% as did China’s, Shanghai Composite.
In Europe, markets inched up modestly. The FTSE and DAX rose .3%, and the CAC40 rose .2%.
US markets initially opened higher, and chopped back and forth throughout the day. Late-day selling pushed the major indexes into negative territory. The Dow fell 25 points to 12356, while the Nasdaq dropped .5%.
Dow Swings In and Out of Positive Territory
Yandex, known as Russia’s Google, had a successful IPO launch, with shares rallying 55% to 38.84
Treasuries and Commodities
US bonds rose slightly, as 10-year notes edged up 4/32 to yield 3.11% and 30-year notes gained 10/32 to yield 4.25%. In Europe however, German bonds sold off. 10-year notes fell .47 and 30 year notes fell .845.
A research report by Goldman Sachs called for price gains in crude oil and metals, helping to push commodities higher. Crude oil rose 2% to 99.63, and gasoline futures rose 2% to 2.9976, despite a report that consumer demand for gasoline fell 2% from a year before.
Silver soared 4.8% to 36.595, and copper gained 1% to 4.0305. Gold added 10.40 to 1525.80.
Agricultural futures did not participate in the rally, as wheat fell 2.9% and corn dropped 2.8%.
Currencies
The Euro rose .4% to 1.4108, while the Pound and Australian dollar both rose .5%, as prices bounced after Monday’s selloff. Amongst the safe haven currencies, the Swiss Franc rose .5% to .8792 and the Yen closed flat at 81.92.
Economic Outlook
The Richmond Fed Manufacturing Index showed a steep decline in manufacturing activity, dropping to -6 from 10 in April.
New Home Sales rose 7.3%, more than expected, a positive sign for the housing sector.
Wednesday’s reports will include Durable Goods Orders, weekly mortgage applications, and weekly oil inventories.
Earnings are due from Costco and Toll Brothers.
-Bradley Welcher
Equities
Asian markets ended mixed, following Monday’s steep declines. The Nikkei inched up .2%, and the Kospi rose .3%. Australia’s ASX 200 eased .3% as did China’s, Shanghai Composite.
In Europe, markets inched up modestly. The FTSE and DAX rose .3%, and the CAC40 rose .2%.
US markets initially opened higher, and chopped back and forth throughout the day. Late-day selling pushed the major indexes into negative territory. The Dow fell 25 points to 12356, while the Nasdaq dropped .5%.
Dow Swings In and Out of Positive Territory
Yandex, known as Russia’s Google, had a successful IPO launch, with shares rallying 55% to 38.84
Treasuries and Commodities
US bonds rose slightly, as 10-year notes edged up 4/32 to yield 3.11% and 30-year notes gained 10/32 to yield 4.25%. In Europe however, German bonds sold off. 10-year notes fell .47 and 30 year notes fell .845.
A research report by Goldman Sachs called for price gains in crude oil and metals, helping to push commodities higher. Crude oil rose 2% to 99.63, and gasoline futures rose 2% to 2.9976, despite a report that consumer demand for gasoline fell 2% from a year before.
Silver soared 4.8% to 36.595, and copper gained 1% to 4.0305. Gold added 10.40 to 1525.80.
Agricultural futures did not participate in the rally, as wheat fell 2.9% and corn dropped 2.8%.
Currencies
The Euro rose .4% to 1.4108, while the Pound and Australian dollar both rose .5%, as prices bounced after Monday’s selloff. Amongst the safe haven currencies, the Swiss Franc rose .5% to .8792 and the Yen closed flat at 81.92.
Economic Outlook
The Richmond Fed Manufacturing Index showed a steep decline in manufacturing activity, dropping to -6 from 10 in April.
New Home Sales rose 7.3%, more than expected, a positive sign for the housing sector.
Wednesday’s reports will include Durable Goods Orders, weekly mortgage applications, and weekly oil inventories.
Earnings are due from Costco and Toll Brothers.
-Bradley Welcher